Send coins in Ethereum network with geth console

Here are the steps needed to make a secure transfer of your funds under linux distro of Ubuntu. To be able to transfer money safely without any 3rd party involved (no online wallet) just funds from your personal Ethereum wallet address on your computer to another Ethereum wallet address we need the official command line interface for running a full ethereum node:

So your key will stay dectrypted for 300 seconds, this is the purpose of the third parameter. It can be omitted.

STEP 4) Send the amount you like to the Ethereum wallet address you like

, BE CAREFUL the operation is irreversible, if you put wrong address or unknown or unexciting one, you’ll lose your Ether coins!!
Every transaction has a cost, which is computed by the miners. That’s why the gas price is dynamic. The price is determined by the miner of a block and it can change from block to block. You can check the gas price here on http://ethgasstation.info. Determining and computing the price in Ether is very difficult there could be at least 3 new howtos about that. The best and the easiest way is just to check a site (like http://ethgasstation.info) for the average gas price in dollars and when executing a transaction of sending Ethereum funds make sure the same amount of Ether in dollars will stay in your wallet address to be used for the gas.

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